Serve Robotics (NASDAQ:SERV) Trading Up 1.8% – What’s Next?

Serve Robotics Inc. (NASDAQ:SERV)’s share price was up 1.8% on Friday . The stock traded as high as $15.43 and last traded at $14.84. Approximately 7,142,106 shares changed hands during trading, a decline of 25% from the average daily volume of 9,550,853 shares. The stock had previously closed at $14.58.

Wall Street Analyst Weigh In

SERV has been the topic of several research reports. Freedom Capital upgraded Serve Robotics to a “strong-buy” rating in a research note on Wednesday, December 31st. LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Serve Robotics in a report on Monday, November 17th. Northland Securities reaffirmed an “outperform” rating and set a $26.00 price target on shares of Serve Robotics in a research note on Friday, January 2nd. Finally, Loop Capital set a $16.00 price target on Serve Robotics in a report on Wednesday, December 31st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.80.

Serve Robotics Trading Up 1.8%

The firm’s fifty day moving average is $11.24 and its 200-day moving average is $11.63. The stock has a market capitalization of $1.11 billion, a P/E ratio of -9.96 and a beta of 0.27.

Serve Robotics (NASDAQ:SERV) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.17). Serve Robotics had a negative return on equity of 38.52% and a negative net margin of 4,121.58%.The firm had revenue of $0.69 million for the quarter, compared to analyst estimates of $0.69 million. Equities research analysts expect that Serve Robotics Inc. will post -0.98 EPS for the current year.

Insider Transactions at Serve Robotics

In other Serve Robotics news, CEO Ali Kashani sold 16,730 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $11.87, for a total transaction of $198,585.10. Following the completion of the transaction, the chief executive officer owned 3,374,862 shares of the company’s stock, valued at $40,059,611.94. This represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anthony Armenta sold 49,082 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $9.32, for a total value of $457,444.24. Following the transaction, the insider directly owned 560,037 shares of the company’s stock, valued at $5,219,544.84. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 185,170 shares of company stock valued at $2,122,739 in the last ninety days. Corporate insiders own 5.50% of the company’s stock.

Institutional Trading of Serve Robotics

Several institutional investors and hedge funds have recently bought and sold shares of SERV. Farther Finance Advisors LLC acquired a new position in shares of Serve Robotics during the 3rd quarter worth approximately $27,000. Allworth Financial LP raised its position in shares of Serve Robotics by 316.7% in the second quarter. Allworth Financial LP now owns 3,900 shares of the company’s stock valued at $45,000 after purchasing an additional 2,964 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Serve Robotics by 166.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,218 shares of the company’s stock worth $49,000 after buying an additional 2,637 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Serve Robotics during the 2nd quarter worth about $55,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Serve Robotics during the third quarter worth approximately $59,000.

About Serve Robotics

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.